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ABC Company is beginning the process of liquidation. ABC has prepared a statement of financial affairs that discloses the following data:Assets pledged with secured creditors

ABC Company is beginning the process of liquidation. ABC has prepared a statement of financial affairs that discloses the following data:Assets pledged with secured creditors $ 210,000Secured liabilities 125,000Assets pledged with partially secured creditors 290,000Free assets (not including excess to be received from assets pledged on secured liabilities)225,000Unsecured liabilities with priority 121,000Unsecured liabilities 450,000ABC owes $45,000 to Wallace Company, an unsecured creditor (without priority). How much money can Wallace Company expect to collect from ABC?

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